1140 W 18th ST Chicago, IL 60608

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $218

MLS Listing ID 12437547

Year Built 1885

Annual Tax Amount $13,941

Tax Year 2023

Lot Dimensions 25X125

Property Sub-Type Mixed Use

Property Description

Pleased to present 1140 W. 18th Place-a fully leased mixed-use property ideally situated in the heart of Chicago's vibrant Pilsen neighborhood. This well-maintained building spans approximately 8,000 square feet and features a ground-floor commercial space currently occupied by restaurant Bobijoa Korean Kitchen, along with six renovated residential units above. The residential mix includes three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all updated with stainless steel appliances, granite countertops, new flooring, and individual utilities. The property offers an attractive in-place cap rate of 4.89% with a current net operating income of $85,537. All leases are gross, minimizing management responsibilities and ensuring steady cash flow. With full occupancy and modernized interiors, this is a turn-key investment opportunity in a strong rental market. Located just steps from the intersection of 18th Street and Racine Avenue, the property benefits from excellent transit access via the CTA Pink Line, multiple bus routes, and nearby expressways. The area is known for its walkability, strong community presence, and a dynamic mix of local businesses, restaurants, and cultural destinations. This is a rare chance to acquire a stabilized asset in one of Chicago's most in-demand urban neighborhoods.

Location

State IL

County Cook

Area Chi - Lower West Side

Zoning OTHER

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

Listed by Craig Wolf of Strauss Realty Ltd

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106